Russell Investments Group Ltd. Acquires 150,432 Shares of HealthSouth Corp (HLS)
Russell Investments Group Ltd. grew its holdings in shares of HealthSouth Corp (NYSE:HLS) by 46.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 472,883 shares of the company’s stock after purchasing an additional 150,432 shares during the quarter. Russell Investments Group Ltd. owned about 0.48% of HealthSouth worth $21,918,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its stake in HealthSouth by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock valued at $344,000 after buying an additional 48 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in HealthSouth by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock valued at $633,000 after buying an additional 64 shares during the last quarter. NGAM Advisors L.P. grew its stake in HealthSouth by 1.4% in the 2nd quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock valued at $506,000 after buying an additional 142 shares during the last quarter. Renaissance Group LLC grew its stake in HealthSouth by 1.9% in the 2nd quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock valued at $401,000 after buying an additional 152 shares during the last quarter. Finally, World Asset Management Inc grew its stake in HealthSouth by 3.9% in the 2nd quarter. World Asset Management Inc now owns 5,702 shares of the company’s stock valued at $276,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
A number of research firms recently issued reports on HLS. William Blair began coverage on shares of HealthSouth in a research note on Tuesday, November 21st. They issued an “outperform” rating on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 target price on shares of HealthSouth in a research note on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $55.00 target price on shares of HealthSouth in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of HealthSouth from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of HealthSouth in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.75.
In other HealthSouth news, Director Yvonne M. Curl acquired 1,000 shares of HealthSouth stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of $45.95 per share, with a total value of $45,950.00. Following the acquisition, the director now owns 64,144 shares of the company’s stock, valued at $2,947,416.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.
Shares of HealthSouth Corp (NYSE:HLS) opened at $49.16 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.89. The stock has a market cap of $4,832.97, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.52. HealthSouth Corp has a 12-month low of $38.24 and a 12-month high of $50.06.
HealthSouth (NYSE:HLS) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $995.60 million for the quarter, compared to analyst estimates of $985.75 million. HealthSouth had a net margin of 8.67% and a return on equity of 23.56%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. sell-side analysts predict that HealthSouth Corp will post 2.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.00 annualized dividend and a yield of 2.03%. HealthSouth’s dividend payout ratio is 36.36%.
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HealthSouth Company Profile
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.
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